Topic: Other cryptocurrencies follows same graph as bitcoin, what is your opinion? - page 3. (Read 414 times)
June 12, 2018, 10:25:23 AM
You have to understand who come in the market 1st btc there is no confusions also most of them are following btc because it is the father of crypto market based on this many new coin still doing their graph based on btc and btc is the unique coin also and this have good profit.
June 11, 2018, 07:49:59 AM
Bitcoin is the parent of all Cryptocurrency currencies, so I'm not surprised if its prices often follow the bitcoin price chart. and I think this is a long time ago. bitcoin up, altcoin go up. Bitcoin down, altcoin also come down.
June 11, 2018, 07:49:38 AM
Every coin is traded against bitcoin so whenever there will be big drop in bitcoin's price, every altcoin's price in terms of USD will go down.
Similarly when people start to sell their altcoins for bitcoin to exit with USD out of panic during such drop, altcoin also losses price in terms of bitcoin which make is loss more in terms of USD compared to what bitcoin have lost in last 24 hour.
Similarly when people start to sell their altcoins for bitcoin to exit with USD out of panic during such drop, altcoin also losses price in terms of bitcoin which make is loss more in terms of USD compared to what bitcoin have lost in last 24 hour.
June 11, 2018, 07:44:08 AM
because the price of bitcoin does affect everyone and their wills to sell or hold, which leading to affect other coins, too.
June 11, 2018, 07:13:16 AM
Firstly, Bitcoin still enjoys the no.1 position even with the advent of 1600+ cryptocurrencies. It emerges as the first choice of investors despite of its limitations and high price. Its high popularity makes people think that the other coins will also follow the same trend.
Bitcoin is considered as the base and altcoins as derivatives. Though better but still the successors. There isn't any technical reason behind your question, it's the behavior of traders which makes this happen.
Bitcoin is considered as the base and altcoins as derivatives. Though better but still the successors. There isn't any technical reason behind your question, it's the behavior of traders which makes this happen.
June 11, 2018, 06:58:01 AM
Because BTC is the top coin being traded for other alts in terms of market cap, volume, and general popularity, it is thus at the center of the crypto economy and has some gravity behind it (enough gravity to have an almost constant relationship with alt prices).
we could not deny that btc gather the biggest money in the marketplace thus any movement to this coin could greatly influence the marketprice..
we could not deny that btc gather the biggest money in the marketplace thus any movement to this coin could greatly influence the marketprice..
June 10, 2018, 01:39:01 AM
Because most of the time bitcoin affects people's confidence.
If bitcoin falls significantly, people will lose confidence, and other altcoin will be sold at this time, causing the whole market to fall or rise synchronously.
If bitcoin falls significantly, people will lose confidence, and other altcoin will be sold at this time, causing the whole market to fall or rise synchronously.
June 10, 2018, 01:14:19 AM
I noticed on coinmarketcap that many cryptocurrencies follows almost same graph as Bitcoin.
What is the reason behind this in your own opinion ?
I think that's because Altcoins are mostly traded in Bitcoin/Altcoin pairs and if Fiat price of Bitcoin falls, then the Fiat price of the Altcoins will fall in almost the same amountWhat is the reason behind this in your own opinion ?
Bitcoin serve as a role model altcoins follows almost all it's processing this is a good example of cryptocurrencies have teamwork for a better future of digital currency they separate ways of promotion in return bitcoin and altcoins has a strong foundation to remain in the industry world.
June 10, 2018, 01:02:42 AM
I noticed on coinmarketcap that many cryptocurrencies follows almost same graph as Bitcoin.
What is the reason behind this in your own opinion ?
I think that's because Altcoins are mostly traded in Bitcoin/Altcoin pairs and if Fiat price of Bitcoin falls, then the Fiat price of the Altcoins will fall in almost the same amount What is the reason behind this in your own opinion ?
June 10, 2018, 12:36:48 AM
That's because the coin coins do not want to disappear, I also feel strange on coins like bitcoin cash and bitcoin gold, the coin has a high enough price, whereas the coin is rarely used.
June 09, 2018, 10:34:06 PM
I noticed on coinmarketcap that many cryptocurrencies follows almost same graph as Bitcoin.
What is the reason behind this in your own opinion ?
What is the reason behind this in your own opinion ?
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